Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of future minimum rental payments for operating leases

At December 31, 2017, future minimum rental payments under noncancellable operating leases were:

(In millions)
2018	$	347.2
2019	290.2
2020	266.2
2021	178.2
2022	124.7
Thereafter	577.1
Total	1,783.6
Less income from sub-leases	6.3
Net minimum operating lease payments	$	1,777.3

Schedule of guarantor obligations

Guarantees consisted of the following:

(In millions)	December 31, 2017
Financial guarantees (1)	$	933.3
Performance guarantees (2)	3,670.3
Maximum potential undiscounted payments	$	4,603.6

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⁽¹⁾  Financial guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on changes in an underlying agreement that is related to an asset, a liability, or an equity security of the guaranteed party. These tend to be drawn down only if there is a failure to fulfill our financial obligations.

⁽²⁾  Performance guarantees represent contracts that contingently require a guarantor to make payments to a guaranteed party based on another entity's failure to perform under a nonfinancial obligating agreement. Events that trigger payment are performance related, such as failure to ship a product or provide a service.